Paxos

Paxos Receives In Principle Approvals from the Financial Services Regulatory Authority to Issue Stablecoins and Conduct Digital Asset Services from the Abu Dhabi Global Market

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Paxos Receives In Principle Approvals from the Financial Services Regulatory Authority to Issue Stablecoins and Conduct Digital Asset Services from the Abu Dhabi Global Market

NEW YORK and ABU DHABI, UAE, Nov. 29, 2023 /PRNewswire/ — Paxos, the leading regulated blockchain & tokenization infrastructure platform, secured the in-principle approvals (IPAs) of the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) for the necessary Financial Services Permissions to issue US dollar and other currency-backed stablecoins, as well … Read more

PayPal Leads What Could Be A Stablecoin Stampede

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PayPal Leads What Could Be A Stablecoin Stampede

getty PayPal’s branded stablecoin, which the payments company launched on Monday, is likely to be a trendsetter. Multiple payments, e-commerce companies and banks, including large traditional financial institutions, have expressed interest in using or issuing digital dollars with Paxos, the issuer of PayPal’s PYPL PYUSD, according to a source familiar with the negotiations. No names … Read more